NASDAQ:XIV looks set to continue up trend.
Investors looking for momentum can consider VelocityShares Daily Inverse VIX Short-Term ETN XIV given the explosive year to date performance and continued momentum of US risk markets. The fund recently hit a new 52-week high. Shares of XIV are up approximately 291.85% from its 52-week low of $22.05/share.
XIV focuses on providing -1x inverse exposure to VIX, Chicago Board Options Exchange (CBOE) Volatility Index. It charges 135 basis points in fees per year and has AUM of $760.92 million. The ETF tracks the SPVXSP index to replicate short term volatility movements in a basket of securities comprising of the nearest 2 months VIX futures.